2014 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 30 - INCOME TAX
Section 63-3029 - CREDIT FOR INCOME TAXES PAID ANOTHER STATE.
(2) For purposes of this section:
(4) To substantiate the credit allowed under this section, the state tax commission may require a copy of any receipt showing payment of income taxes to the other state or a copy of any return or returns filed with such other state, or both.
(5) No credit allowed under this section shall be applied in calculating tax due under this chapter if the tax upon which the credit is based has been claimed as a deduction, unless the tax is restored to income on the Idaho return.
(6) The credit shall not be allowed if such other state allows a credit against taxes imposed by such state for taxes paid or payable under this chapter.
(7) For purposes of this section an income tax imposed on an S corporation, partnership, limited liability company, estate or trust includes:
(8) For purposes of subsection (7) of this section, an excise or franchise tax is "measured by income" only if the statute imposing the excise or franchise tax provides that the base for the tax:
(9) A part-year resident is entitled to a credit, determined in the manner prescribed by the state tax commission, for income taxes paid to another state in regard to income which is:
(10) If the interest in an S corporation, partnership, limited liability company, estate or trust was held for less than the entire taxable year, the share attributable to the individual shall be allocated in the same manner as for federal purposes.
History:
[63-3029, added 1959, ch. 299, sec. 29, p. 613; am. 1961, ch. 328, sec. 12, p. 622; am. 1970, ch. 222, sec. 6, p. 621; am. 1975, ch. 106, sec. 1, p. 216; am. 1980, ch. 12, sec. 1, p. 25; am. 1982, ch. 8, sec. 1, p. 11; am. 1995, ch. 111, sec. 30, p. 372; am. 1996, ch. 422, sec. 1, p. 1446; am. 1998, ch. 10, sec. 1, p. 108; am. 2007, ch. 191, sec. 1, p. 562; am. 2008, ch. 315, sec. 1, p. 874; am. 2009, ch. 216, sec. 1, p. 675; am. 2012, ch. 222, sec. 1, p. 607.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.